Axis Bank Waterfall decline 1118 to 1007 in 4 days, Double bottom formed at 1007 Buy above 1018 Tgt 1029,1042 and 1051 Sell below 1006 Tgt 997 and 987 Rel Infra Trading within channel Buy above 461 Tgt 467,473 and 479 Sell below 454 Tgt 449,442 and 431 PFC Buy above 157.4 TGt… Read More »
Everyone was talking about 5600 Market is back below 5300. This is what mass psychology is all about. Market always move in path of least resistance and path of least resistance looking at bullish environment created was on downside. Hence we have results in front of our eyes. 1. FII sold 2041 Contracts of Index… Read More »
“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it’s important not to be emotionally attached to large profits. I’ve certainly made some of my worst trades after long periods of winning. When you’re on a big winning streak, there’s a temptation to think that… Read More »
Remember, the people in pain, will be subjected to more pain during expiry. So, this month, bears are in pain, and there might be more pain for them around expiry. For this assumption to change, look for long liquidation in huge volumes in the FII OI figures. 1. FII bought 15439 Contracts of… Read More »
If you jump into the river like a piece of twig, you’ll be pushed around and get washed away. But if you jump in like a fish, you’ll be able to deal with the flow of river. To deal with anything, you need to educate yourself…train yourself. And if you are already a trained person… Read More »
1. FII bought 13648 Contracts of Index Future,worth 384 cores with net OI increasing by 13010 contracts. 2. As Nifty Future was down by 40 points and OI has increased by 13010, FII are booking profits in longs. No shorts have been created as per data analyzed. 3. NS closed at 5350 after making the… Read More »
1. FII bought 5547 Contracts of Index Future ,worth 147 cores with net OI increasing by 8549 contracts. 2. As Nifty Future was down by 25 points and OI has increased by 8549, FII are booking profits in longs. No shorts have been created as per data analyzed. 3. NS closed at 5386 after making… Read More »
To be successful trader Develop a poise in your mind that can withstand all swings of emotions by dealing with your daily challenges/ duties responsibly, confidently. Only a calm mind can deal with a hurricane. Only a faithful mind can receive divinity. Only an obedient person can become a master. Bharti Airtel Formed a Doji… Read More »
Nifty continued with its positive rise 4 week in a row with rise of 20 points WoW basis, gains were trimmed at the end of session. Next week, the market will be focused predominantly on the Jackson Hole Symposium which will start on Wednesday and end on Saturday. Fed’s Bernanke and ECB’s Draghi will be… Read More »
There is very little that is new in the world of trading psychology but mastering the basics and mastering our mind is essential if we are to develop as highly efficient traders. The following are common discipline issues and suggestions to counteract them. Discipline is needed if you are to succeed as a Equity,Commodity or… Read More »